By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

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Germany’s economy minister and junior coalition party wants to offer Brits German citizenship

July 3, 2016

The German vice chancellor has called for UK citizens living in Germany to be given citizenship to protect their rights to live and work across the European Union. Sigmar Gabriel, a member of the junior coalition partners, the Social Democratic Party (SPD), told a conference in Berlin over the weekend: "Let's offer it to the [...]
Former Labour leader Neil Kinnock tells Jeremy Corbyn to resign

July 3, 2016

Former Labour leader Lord Kinnock has urged Jeremy Corbyn to give up his battle to remain as leader of the party in the face of overwhelming opposition from Labour MPs. Kinnock, who lost to John Major in the 1992 general election, also said Corbyn would have to secure the backing of at least 50 MPs [...]
Michael Gove promises crackdown on executive pay if he succeeds David Cameron in Conservative leadership race

July 3, 2016

Michael Gove has promised to tackle the scandal of the "undeserving rich" and crack down on executive pay as he steps up his campaign in the Conservative leadership race. The justice secretary said he will look at "radical" solutions to stamp out excessive corporate pay in an attack which could raise concerns in City boardrooms. Speaking to [...]
Brexit campaigner and Conservative leadership hopeful Andrea Leadsom warned against leaving the EU

July 3, 2016

Conservative leadership candidate Andrea Leadsom faced a series of tough questions this morning after a leaked audio recording showed the leading Brexit campaigner warning a vote to leave the EU would be a "disaster". Leadsom, who rose to prominence in a series of televised debates before the vote, has built her pitch for the top job on [...]
Conservative leadership candidates Michael Gove and Andrea Leadsom attack frontrunner Theresa May

July 3, 2016

Conservative leadership contenders Michael Gove and Andrea Leadsom have attacked their rival Theresa May this morning, saying the next prime minister should be somebody who campaigned for Brexit. As a new poll showed May was the top choice to succeed David Cameron, with the backing of 60 per cent of Conservative supporters, the two remained [...]
Retail investors snap up shares in bumper week for trading platforms amid Brexit volatility

July 1, 2016

Last week's referendum sparked waves of volatility on the financial markets, triggering interventions from the Bank of England and causing trading to be suspended on a handful of the UK's biggest companies. Banking shares were butchered. Housebuilders were demolished. But, the FTSE 100 now stands at a 10-month high after it became clear some of the big [...]
George Osborne ditches plans to run budget surplus

July 1, 2016

George Osborne has signalled he is ready to drop his target to balance the books by the end of the decade as he pointed to severe economic uncertainty in the aftermath of the EU referendum. Speaking in Manchester, the chancellor said he needed to be "realistic" about the chances of meeting his self-imposed target to [...]
Austria’s constitutional court orders a re-run of the presidential election after far-right challenge

July 1, 2016

Austria's top court has thrown out the results of its presidential election and ordered the vote to be re-run, plunging the Eurpoean Union into a fresh crisis one week after the UK voted to breakaway. The ruling comes after the far-right Freedom Party, which was beaten in the final round the presidential election in May by just [...]
Eurozone unemployment nears five-year low

July 1, 2016

Unemployment across the Eurozone dropped to its lowest level in nearly five years in May. Across the single currency bloc, the rate of joblessness was 10.1 per cent – down from 10.2 per cent in April – in another sign that the Eurozone economy is heading in the right direction. The fall takes the rate of [...]
Manufacturing survey reveals industry was on the mend before EU referendum

July 1, 2016

Activity in the manufacturing sector was running at a five-month high in the days before the EU referendum, in a sign the industry could have started to turn a corner before the vote. The closely-watched purchasing manufacturing index (PMI) showed activity came in at 52.1, up from 50.4 last month where scores above 50 indicate expansion, [...]

Abramovich foundation trustee has links to Starmer advisor Powell

Woods to McIlroy: How Tiger Slam at Masters reshaped economics of sport

The Lake District but thrilling, with yacht trips and 4×4 off-roading

By: Jake Cordell

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